Expense Management

Verified by ABBYY

Unlock seamless expense management with ABBYY Vantage. Tailored for business travel and entertainment expenses, the Vantage Expense Management process skill swiftly processes receipts and documents in one streamlined workflow. Automatically sorting and classifying incoming documents, it assigns the appropriate document skill—whether it's a Receipt, Receipt CJK, Hotel Invoice, or Taxi Receipt. Further relevant data is being extracted, normalized and validated based on defined business rules.

Say goodbye to manual data entry! With the Expense Management processing skill, effortlessly extract crucial data from various receipts, including taxi fares, hotel invoices, and a myriad of other expenses like retail purchases, dining bills, parking fees, toll payments, gasoline costs, and more. Simplify your expense tracking and management journey today!

Benefits
  • Receives and processes business travel and entertainment expense receipts in a variety of input formats - scanned images, PDFs, etc. Provides exceptional accuracy of OCR conversion and data extraction.
  • Includes individual document skills for various Receipts, Hotel Invoices, Taxi Receipts supporting a range of countries and languages.
  • Automatically detects the expense type and applies classification, routing the document to the corresponding document skill.
  • Highly accurate, pre-trained AI extraction models automatically detect key fields on receipt relevant for the expense type (i.e. check-in & check-out date for hotels, from & to location for taxi, taxes, line items etc.). For a full list of extracted fields, please see the skill documentation.
  • Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information. The system learns from human interaction and constantly improves the model over time.
  • Allows further training of the model based on customer documents in real time. Over time significantly improves straight-through-processing rates and reduces the need for human interaction.
Documents in this process
Transfer data to other systems
Related skills
ABBYY logo
Contributor:
ABBYY
Published:
6 November 2020
Last updated:
2 October 2024
Purchase terms
Paid
Specifications
Multiple
Multiple
Production